Sep 10, 2021   SOURCE: BusinessWire

Agriculture, Construction, and Mining Machinery Global Market Report 2021 Featuring Caterpillar, Deere & Co, CNH Industrial, Doosan Infracore, & Kubota Corp - ResearchAndMarkets.com

The "Agriculture, Construction, and Mining Machinery Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global agriculture, construction, and mining machinery market is expected to grow from $517.6 billion in 2020 to $581.52 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The market is expected to reach $797.96 billion in 2025 at a CAGR of 8%.

Major companies in the agriculture, construction, and mining machinery market include Caterpillar Inc; Deere & Company; CNH Industrial NV; Doosan Infracore Co and Kubota Corp.

The agriculture, construction, and mining machinery market consists of sales of farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment; construction machinery, surface mining machinery, and logging equipment; and oil and gas field and underground mining machinery and equipment by entities (organizations, sole traders or partnerships) that produce agriculture, construction, and mining machinery. The agriculture, construction, and mining machinery market is segmented into construction machinery; agricultural implement; and mining and oil and gas field machinery.

Asia Pacific was the largest region in the global agriculture, construction, and mining machinery market, accounting for 35% of the market in 2020. Western Europe was the second largest region accounting for 28% of the global agriculture, construction, and mining machinery market. Africa was the smallest region in the global agriculture, construction, and mining machinery market.

Agriculture equipment companies are offering telematics systems to farmers to enable wireless transfer of data between the equipment and its user. Telematics refers to the technology of collecting data from a farm equipment operating in a field and then transferring the data to customers through internet on real time basis.

This enables farmers to remotely collect and manage information from their field equipment, enhance operational efficiencies and reduce production costs. Major companies offering telematics technology include Trimble's Connected Farm, John Deere's JD Link Ultimate, and AGCO's AgCommand Advanced Telematics service.

The agriculture, construction, and mining machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021.

Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period.

Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

 

Key Topics Covered:

 

1. Executive Summary

 

2. Report Structure

 

3. Agriculture, Construction, And Mining Machinery Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

 

4. Agriculture, Construction, And Mining Machinery Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

 

5. Agriculture, Construction, And Mining Machinery Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

 

6. Agriculture, Construction, And Mining Machinery Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

 

7. Agriculture, Construction, And Mining Machinery Market Trends And Strategies

 

8. Impact Of COVID-19 On Agriculture, Construction, And Mining Machinery

 

9. Agriculture, Construction, And Mining Machinery Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers Of The Market

9.2.2. Restraints On The Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers Of The Market

9.3.2. Restraints On The Market

 

10. Agriculture, Construction, And Mining Machinery Market Regional Analysis

10.1. Global Agriculture, Construction, And Mining Machinery Market, 2020, By Region, Value ($ Billion)

10.2. Global Agriculture, Construction, And Mining Machinery Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region

10.3. Global Agriculture, Construction, And Mining Machinery Market, Growth And Market Share Comparison, By Region

 

11. Agriculture, Construction, And Mining Machinery Market Segmentation

11.1. Global Agriculture, Construction, And Mining Machinery Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Construction Machinery
  • Agricultural Implement
  • Mining And Oil And Gas Field Machinery

11.2. Global Agriculture, Construction, And Mining Machinery Market, Segmentation By Operation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Autonomous
  • Semi-autonomous
  • Manual

11.3. Global Agriculture, Construction, And Mining Machinery Market, Segmentation By Capacity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Small
  • Medium
  • Large

 

12. Agriculture, Construction, And Mining Machinery Market Segments

12.1. Global Construction Machinery Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Earthmoving; Material Handling; Building & Road Construction Equipment

12.2. Global Agricultural Implement Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Farm Machinery And Equipment; Sanitary Paper Product; Stationery Products; Paper Bag And Coated And Treated Paper

12.3. Global Mining And Oil And Gas Field Machinery Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Oil & Gas Field Machinery And Equipment; Mining Machinery And Equipment

 

13. Agriculture, Construction, And Mining Machinery Market Metrics

13.1. Agriculture, Construction, And Mining Machinery Market Size, Percentage Of GDP, 2015-2025, Global

13.2. Per Capita Average Agriculture, Construction, And Mining Machinery Market Expenditure, 2015-2025, Global

 

Companies Mentioned

  • Caterpillar Inc
  • Deere & Company
  • CNH Industrial NV
  • Doosan Infracore Co
  • Kubota Corp

 

For more information about this report visit https://www.researchandmarkets.com/r/ez4l3a.